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Wednesday, January 11, 2017

WSJ: Wal-Mart Plans to Cut Hundreds of Jobs This Month

Wal-Mart Stores Inc. plans to cut hundreds of jobs before the end of January, the Wall Street Journal reported, citing people familiar with the situation.

The Bentonville, Arkansas-based retailer plans to eliminate jobs at its headquarters and regional personnel that support stores, according to the report.

Many of the eliminations will affect Wal-Mart's human resources department, a large team that some senior executives believe should be more efficient or whose duties could be handled by outside consultants, the newspaper reported.

Other departments could be affected as well, the report said.

"While we continually look at our corporate structure, we have not made any announcements," Wal-Mart spokesman Randy Hargrove said in an email.

The company said in September it would cut about 7,000 back-office jobs, mostly in accounting and invoicing positions at its U.S. stores, as part of a program it announced in June.



Anonymous said...

I worked for a Fortune 500 Company that had an additional outside HR department. It was a joke, they never knew what was going on.

Had to fight them on unemployment, it was an easy win, first because I did nothing wrong, (it was all office politics) I even had a buy out/severance offer, and second, they did not have their facts straight.

It usually does not go well.
They have no true invested interest, so they do not care.

Anonymous said...

Very un-Walmart-like mindset (kids must be officially in charge) of farming (contracting) out HR. Cost more, always has...always will - especially since outside sources would be licking at their chops to get "inside" Walmart.

Kink in the Walmart armor? Sure didn't see this one coming.

Anonymous said...

Guess the Walton heirs need to cut back so they can continue to live better in Balise.

Anonymous said...

All business in this country has been under assault by democrats.

Anonymous said...

Its called the price of doing business. All business is concerned about one thing the bottom line. That is why after Clinton signed NAFTA all manufacturing business moved to Mexico. Very cheap labor compared to the U.S. Its all about that bottom line.

Anonymous said...

Before long it'll just be Wal,5 Guys will just be 3 Guys,and KFC will just be K.